Anchorman 2 Axed! Nightmare!

It is with tear-filled eyes that we write this story folks, but apparently Anchorman 2 will not be arriving at a cinema near you any time soon.

As is so often the way, something which seemed so sweet was almost immediately snatched away from us this morning when writer and director of the original, Adam McKay, announced on his twitter page that Paramount had passed on the propspect of making what would have been the most anticipated film since Star Wars: Episode I.

“So bummed. Paramount basically passed on Anchorman 2. Even after we cut our budget down. We tried,” he wrote.

Studio insiders revealed that bosses wanted a lower budget than McKay and Farrell presented, one which the duo felt was too low to make the film successfully.

Fans of the original should not totally give up on seeing some of their favourite characters returning for a sequel though. Neither Paramount or McKay have offered any hints that these negotiations can not be reprised at some point in the years to come…